Cryptocurrencies Price Prediction: Bitcoin, Binance & Crypto – European Wrap 3 January
Bitcoin Weekly Forecast: Slow but positive start
Bitcoin (BTC) edges slightly lower, trading around $96,500 on Friday after an over 2.5% recovery this week, with historical data showing modest average January returns of 3.35%. On-chain metrics suggest the bull market remains intact, indicating a cooling-off phase rather than a cycle peak.
Binance secures license in Brazil, expands services under new regulations
Binance secures its 21st global license in Brazil, acquiring Sim;paul to expand services while complying with the country's evolving crypto regulations.
Binance has secured its 21st global regulatory license after receiving approval from the Central Bank of Brazil. This milestone follows Binance's acquisition of Sim;paul, a licensed broker-dealer, strengthening its foothold in one of Latin America's largest economies. The license allows Binance to offer enhanced services while complying with Brazil's evolving financial regulations.
The crypto hesitates to grow without stocks
The crypto market is trying to start 2025 with growth, adding 4% since the beginning of the year. Like in late December, the market is stalling on reaching a capitalisation of $3.41 trillion. This time, the positive mood of cryptocurrency enthusiasts was undermined by a sharp downward reversal in the US and Chinese stock markets.
Author
FXStreet Team
FXStreet
